South Dakota Agreement to Produce Motion Picture

State:
Multi-State
Control #:
US-02592BG
Format:
Word; 
Rich Text
Instant download

Description

The Film Producer is charged with managing the expenses, organization, and all decisions involved in producing the film itself. It is the Film Producer that conceives of an idea for a film, hires a Director, makes casting decisions, and decides on the film crew and locations. The Producer is the primary authority overseeing the all aspects of the production of a film, and its progress.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

South Dakota was the first state in the nation to abolish the Rule Against Perpetuities ? which prohibited unlimited-duration trusts ? in 1983, clearing the way for the creation of the Dynasty Trust.

The primary drawbacks to establishing a South Dakota dynastic trust are the restrictions on your financial flexibility once the trust is established and the limited flexibility imposed on beneficiaries.

Under South Dakota trust law, dynasty trusts offer robust protection against legal claims and financial risks. When assets are transferred into a dynasty trust, they are no longer considered the property of individual beneficiaries.

South Dakota allows for a trust to exist in perpetuity, i.e., for an unlimited duration.

What makes South Dakota special? South Dakota has no state income, capital gains, dividend/interest, or intangible tax. South Dakota also has no state inheritance or estate tax. As such, assets held in a South Dakota trust are taxed under South Dakota tax law and not subject to other state's high tax rates.

South Dakota leads in mica production It also produces construction sand and gravel, crushed stone, dimension stone, feldspar, gemstones, gold, gypsum, industrial sand and gravel, lime, and silver. Iron ore mined is used for cement clinker.

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South Dakota Agreement to Produce Motion Picture